July 6th, 2008, 10:47 AM
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#3 (permalink)
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Senior Member
- Join Date:
- Oct 2007
- Location:
- Harlingen, TX
- Posts:
- 1,460
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Re: Totally new guy
Ted, I would suggest you grow your promotional products business to a success first.. when you can buy a singlehead or two-head machine out of it's profits with cash... then I would feel comfortable getting into another revenue stream. In the meantime sell embroidery, by all means, just subcontract it out to another shop until you are ready. Taking on too much at one time is my fear for you... and with 90% of new businesses not making their first anniversary in this country, I err to the side of caution. Slow and steady wins the race so to speak.
To help you with your new venture have you joined web sources like: distributortalk.com? they have nearly 8000 members that are mainly distributors but some are suppliers and others are service providers.... this would, IMO, be a very valuable resource to you so you are not re-inventing the wheel. Hope this helps.
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